Griffin Securities Analysts Raise Earnings Estimates for SLB

SLB Limited (NYSE:SLB) – Investment analysts at Griffin Securities increased their FY2025 earnings per share estimates for SLB in a research note issued on Sunday, October 19th. Griffin Securities analyst K. Simpson now anticipates that the oil and gas company will post earnings per share of $2.90 for the year, up from their previous estimate of $2.85. The consensus estimate for SLB’s current full-year earnings is $3.38 per share.

SLB (NYSE:SLB) last announced its quarterly earnings results on Friday, October 17th. The oil and gas company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.02. The company had revenue of $8.93 billion during the quarter, compared to analysts’ expectations of $8.99 billion. SLB had a return on equity of 18.97% and a net margin of 10.34%.SLB’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share.

Several other analysts have also commented on the company. JPMorgan Chase & Co. dropped their price objective on SLB from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday. Barclays raised their price objective on SLB from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday. Stifel Nicolaus dropped their price objective on SLB from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday, July 16th. Zacks Research raised SLB from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Finally, Citigroup raised their price objective on SLB from $46.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, SLB presently has a consensus rating of “Moderate Buy” and an average target price of $51.69.

SLB Stock Up 0.2%

Shares of SLB stock opened at $33.51 on Wednesday. The stock has a 50 day moving average of $34.52 and a 200 day moving average of $34.48. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. The stock has a market cap of $50.05 billion, a P/E ratio of 12.94, a P/E/G ratio of 9.35 and a beta of 0.97. SLB has a twelve month low of $31.11 and a twelve month high of $44.97.

SLB Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 3rd will be paid a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.4%. SLB’s payout ratio is currently 44.02%.

Insider Activity

In other news, insider Dianne B. Ralston sold 39,727 shares of SLB stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $36.08, for a total value of $1,433,350.16. Following the sale, the insider directly owned 202,201 shares of the company’s stock, valued at $7,295,412.08. The trade was a 16.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.22% of the stock is owned by corporate insiders.

Institutional Trading of SLB

A number of institutional investors have recently made changes to their positions in the company. Nuveen LLC purchased a new position in SLB during the first quarter worth approximately $169,232,000. Alan B Lancz & Associates Inc. purchased a new position in SLB during the first quarter worth approximately $308,000. Shell Asset Management Co. lifted its position in SLB by 48.1% during the second quarter. Shell Asset Management Co. now owns 62,737 shares of the oil and gas company’s stock worth $2,121,000 after buying an additional 20,387 shares in the last quarter. Godsey & Gibb Inc. lifted its position in SLB by 9.6% during the second quarter. Godsey & Gibb Inc. now owns 493,092 shares of the oil and gas company’s stock worth $16,667,000 after buying an additional 43,135 shares in the last quarter. Finally, Stratos Investment Management LLC lifted its position in SLB by 236.0% during the first quarter. Stratos Investment Management LLC now owns 146,908 shares of the oil and gas company’s stock worth $6,141,000 after buying an additional 103,182 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

SLB Company Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.